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QUESTION 2 Helmuth Inc's latest net income was $1,100,000, and it had 1,500,000 shares outstanding. The company wants to pay out 65% of its income.

QUESTION 2

Helmuth Inc's latest net income was $1,100,000, and it had 1,500,000 shares outstanding. The company wants to pay out 65% of its income. What dividend per share should it declare? Do not round your intermediate calculations.

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